Gregory is currently in the second year of the five-year, $69.5 million deal signed with the Broncos last year. Matt Maiocco of NBC Sports Bay Area noted that Gregory will carry a significant cap hit of $16.1 million in each season through 2026. However, there's more to the story.
None of the money beyond this season is guaranteed. Additionally, Broncos insider Mike Klis reports that Denver is picking up all but the prorated $1.08 million minimum of Gregory's remaining $10.9 million salary this season. That means the 49ers are on the hook for a mere $840,000 for the remainder of this season.
There is very little financial risk for the 49ers in acquiring Gregory, who at 30 years old, has the potential to rejuvenate his career under the guidance of defensive line coach Kris Kocurek.
San Francisco entered Friday with $41.1 million in salary cap space.
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